Financial Advocates Investment Management Lowers Stock Holdings in Terreno Realty Co. (NYSE:TRNO)

Financial Advocates Investment Management lowered its stake in Terreno Realty Co. (NYSE:TRNO) by 21.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,858 shares of the real estate investment trust’s stock after selling 1,062 shares during the period. Financial Advocates Investment Management’s holdings in Terreno Realty were worth $242,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Terreno Realty by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 11,919,178 shares of the real estate investment trust’s stock valued at $677,009,000 after purchasing an additional 168,728 shares during the period. FMR LLC lifted its position in Terreno Realty by 10.3% in the 3rd quarter. FMR LLC now owns 5,260,376 shares of the real estate investment trust’s stock valued at $298,789,000 after acquiring an additional 493,182 shares in the last quarter. Invesco Ltd. lifted its position in Terreno Realty by 11.1% in the 3rd quarter. Invesco Ltd. now owns 4,113,232 shares of the real estate investment trust’s stock valued at $233,632,000 after acquiring an additional 411,973 shares in the last quarter. Northern Trust Corp lifted its position in Terreno Realty by 2.5% in the 3rd quarter. Northern Trust Corp now owns 1,352,836 shares of the real estate investment trust’s stock valued at $76,841,000 after acquiring an additional 32,391 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Terreno Realty by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,223,247 shares of the real estate investment trust’s stock valued at $76,663,000 after buying an additional 20,257 shares during the last quarter.

Wall Street Analysts Forecast Growth

TRNO has been the subject of a number of research reports. JMP Securities reiterated a “market outperform” rating and set a $65.00 target price on shares of Terreno Realty in a research note on Monday, May 13th. Wedbush reiterated a “neutral” rating and set a $57.00 target price (down from $67.00) on shares of Terreno Realty in a research note on Tuesday, May 14th. Scotiabank decreased their target price on shares of Terreno Realty from $66.00 to $59.00 and set a “sector perform” rating for the company in a research note on Thursday, May 16th. The Goldman Sachs Group decreased their target price on shares of Terreno Realty from $68.00 to $60.00 and set a “neutral” rating for the company in a research note on Tuesday, May 14th. Finally, Mizuho upped their price objective on Terreno Realty from $52.00 to $62.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Terreno Realty has an average rating of “Hold” and an average target price of $64.56.

Terreno Realty Trading Down 0.6 %

NYSE:TRNO opened at $57.48 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 10.17 and a quick ratio of 10.17. The firm has a market capitalization of $5.56 billion, a price-to-earnings ratio of 29.94, a price-to-earnings-growth ratio of 2.82 and a beta of 0.85. Terreno Realty Co. has a one year low of $50.42 and a one year high of $66.63. The business has a fifty day moving average price of $59.21 and a 200-day moving average price of $60.23.

Terreno Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 3.13%. The ex-dividend date is Friday, June 28th. Terreno Realty’s dividend payout ratio is currently 93.75%.

Terreno Realty Profile

Terreno Realty Corporation (Terreno, and together with its subsidiaries, the Company) acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, DC All square feet, acres, occupancy and number of properties disclosed in these notes to the consolidated financial statements are unaudited.